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HONG KONG, Oct 15, 2012 - (ACN Newswire) - Hengdeli Holdings Ltd. <3389.HK>, a luxurious watch retailer in the Greater China, said sales registered double-digit growth in total during the Golden Week holiday and third-quarter.
Despite the decline in the number of National Day visitors to Hong Kong for the first time in three years, Hengdeli still outperformed many other jewelry and retail stocks and posted a double-digit sales increase for its mid-range watches. Boosted by the spending by family travelers, the mid-range watches, especially the watches priced at 30,000 yuan, achieved a strong growth during the eight-day holiday.
Chairman Zhang Yuping is confident about the future prospect of China's economy and believed the 18th party national congress of the Communist Party of China is positive for the prospect of the retail sector. Hengdeli keeps its target of at least 40 new store openings per year unchanged.
Topic: Press release summary
Source: Hengdeli Holdings Ltd
Sectors: Daily Finance, Daily News
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From the Asia Corporate News Network
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